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Technology Stocks : The New QLogic (ANCR)
QLGC 16.070.0%Aug 24 5:00 PM EST

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To: George Dawson who wrote (19399)11/15/1998 11:56:00 AM
From: trendmastr  Read Replies (2) of 29386
 
George:

<<At this point I am also wondering why there isn't more interest by
outside analysts. >>

I once asked my broker, who is at a fairly large regional brokerage, about analyst coverage. From what he said, I'd say that given the way that analysts who aren't shilling for underwriting business work, I think it is unlikely that any analyst will pick ANCR up at this point. Internet mania aside, generally speaking, those guys like to see some decent sales figures and profitability, or at least to be able to forecast when profitability can be achieved. Unfortunately, ANCR is not there yet. Most analysts don't like to stick their necks out too far and there are thousands of companies out there, many with better, and more easily understood, stories to tell at this time. I think the secrecy involved (NDA's) above and beyond the usual reluctance of a publicly held company to talk too much, is also a factor, as is the listing status of ANCR.

tm
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